Transition Loan

By mmuise

The Farm Loan Board offers financing to transition from one owner to the next guided by our experienced and knowledgeable team of Loan Officers.

Comments on Funding:

Funding takes the form of a loan, offering competitive interest rates, flexible payment options and amortization periods.

Deadline: Continuous Intake

Applicants must:

  • be farmers,
  • be producers;
  • be agri-businesses;
  • be established in Nova Scotia.
Application Steps:

1. Applicants must complete the application form on their own, or call for a loan officer to assist or review it with them.

2. Applications are processed on the basis of a security appraisal, an assessment of the farming program and a review of the completed application form.

Documentation Needed:

Applicants must submit:
1. a full Personal / Business Tax Returns or Financial Statements for last 3 years of the loan
applicant as well as shareholders and guarantors;
2. a copy of your Notice of Assessment issued by the Canada Revenue Agency;
3. a copy of two pieces of current government photo ID (birth certificate, driver’s license, etc.);
4. a signed Application for Financing form signed by all applicants and shareholders;
5. If applicable, a copy of any shareholder agreements;
6. Electronic Funds Transfer form and void cheque for pre-authorized debit;
7. Consent Agreement – optional.

Additional documentation in case they are applying for the purchase of assets or major renovations (land, buildings, equipment, quota, upgrades, etc.):
1. Signed Agreement of Purchase and Sale; or
2. Quotes or invoices from supplier.

Additional documentation in case they are applying for a new business venture/expansion:
1. Detailed business plan with financial projections (income and

Additional documentation in case they are applying for the purchase an existing business, or the shares of a business:
1. Company financial statements for the past 3 years;
2. Confirmation from Canada Revenue Agency that there are no accounts owing.

Other Things to Note:


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